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ITV Racing Offer – William Hill

There’s a big schedule of ITV racing today and you don’t want to miss this William Hill ‘Bet £10, Get £5’ offer! Simply bet £10.00 on today’s ITV racing and William Hill will give us a £5.00 free bet to use on the World Cup 2018. Translated into matched betting terms, this gives us a guaranteed profit of £3.56 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets must be placed at odds of 1.50 (1/2) or greater between 09:00 and 16:00 (last race) on Saturday 9th June 2018, to be eligible.

Having looked at the odds available, we could place our qualifying bet on Podemos in the 14:15 at Haydock.

At the time of writing, laying our bet with Smarkets gives us the smallest qualifying loss.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.76…

William Hill logo

Place £10.00 on Podemos @ 3.25 = Potential profit of £22.50

Smarkets logo

Lay £9.76 on Podemos @ 3.35 = Potential liability of £22.93

Let’s have a look at our potential profit/loss for the possible outcomes…

Podemos wins + £22.50 – £22.93 = £0.43 loss
Podemos doesn’t win – £10.00 + £9.56 (£9.76 minus 2% commission) = £0.44 loss

So, regardless of the outcome, we’ll lose a maximum of £0.44 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited by 09:00 on Thursday 14th June 2018 and can be used on any World Cup 2018 market played on or before 08:00 on Monday 18th June 2018.

By using straightforward matched betting, we should be able to extract 80% cash from the £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.44, this gives us a guaranteed profit of £3.56 on this William Hill offer!

* Podemos didn’t win the race, resulting in a profit of £3.56 on this William Hill offer. *

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Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.